BLVD (ACSX) 10-Q 14 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	14-May-14
Document And Entity Information	'	'
Entity Registrant Name	'BLVD HOLDINGS INC	'
Entity Central Index Key	'0001554594	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity a Well-known Seasoned Issuer	'No	'
Entity a Voluntary Filer	'No	'
Entity Reporting Status Current	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	15,680,000
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheet (Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash	$84	$84
Total Current Assets	84	84
Property and equipment	7,995	9,087
Other assets	9,500	9,500
Total assets	17,579	18,671
CURRENT LIABILITIES	'	'
Accounts payable	1,585	'
Total Current Liabilities	1,585	'
STOCKHOLDERS' EQUITY	'	'
Preferred stock, 5,000,000 shares authorized at par value of $0.0001	'	'
Common stock 70,000,000 shares authorized at $0.001 par value; 6,980,000 shares issued and outstanding	6,980	6,980
Additional paid-in capital	167,234	150,984
Deficit accumulated during the development stage	-158,220	-139,293
Total Stockholders' Equity	15,994	18,671
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$17,579	$18,671

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock, authorized shares	5,000,000	5,000,000
Preferred stock, par value	$0.00	$0.00
Common stock, authorized shares	70,000,000	70,000,000
Common stock, par value	$0.00	$0.00
Common stock, issued shares	6,980,000	6,980,000
Common stock, outstanding shares	6,980,000	6,980,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statement of Operations (USD $)	3 Months Ended		22 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Income Statement [Abstract]	'	'	'
REVENUES	'	$5,500	$42,000
Professional fees	1,585	11,734	52,623
General and administrative	17,342	17,862	148,636
Total Operating Expenses	18,927	29,596	201,259
LOSS FROM OPERATIONS	-18,927	-24,096	-159,259
OTHER INCOME	'	'	'
Other income	'	'	1,039
Total Other Income	'	'	1,039
LOSS BEFORE INCOME TAXES	-18,927	-24,096	-158,220
PROVISION FOR INCOME TAXES	'	'	'
NET LOSS	($18,927)	($24,096)	($158,220)
BASIC AND DILUTED LOSS PER COMMON SHARE	$0	$0	'
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED	6,980,000	5,817,333	'

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended		22 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
OPERATING ACTIVITIES	'	'	'
Net loss	($18,927)	($24,096)	($158,220)
Adjustments to reconcile net loss to net cash used by operating activities:	'	'	'
Depreciation	1,092	1,092	7,869
Services contributed by officers and directors	16,250	16,250	116,450
Changes in operating assets and liabilities:	'	'	'
Other assets	'	'	-9,500
Accounts payable	1,585	-675	1,585
Net Cash Used in Operating Activities	'	-7,429	-41,816
FINANCING ACTIVITIES	'	'	'
Proceeds from common stock for cash	'	21,600	41,900
Proceeds from note payable - related party	'	'	'
Net Cash Provided by Financing Activities	'	21,600	41,900
NET INCREASE (DECREASE) IN CASH	'	14,171	84
CASH AT BEGINNING OF PERIOD	84	3,121	'
CASH AT END OF PERIOD	84	17,292	84
NON-CASH INVESTING AND FINANCING ACTIVITIES	'	'	'
Shares issued to founder in exchange for property	'	'	$15,864

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Nature of Business
	BLVD Holdings, Inc. (the “Company”) was incorporated in the State of Nevada on June 11, 2012. The Company’s original focus was on producing and developing scripts, screenplays and related content for the television and film production industries.
	The Company’s overall plan of operations going forward is to expand its activities in the entertainment field and to acquire value-enhancing businesses in other areas utilizing a disciplined approach to identify and evaluate attractive acquisition candidates. Subsequent to the period covered by this Report, the Company has engaged in acquisitions and entered into three new areas of business: (i) oil and gas; (ii) the sale of mold remediation products; and (iii) the sale of packaged food.
	Basis of Presentation
	These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The Company’s fiscal year-end is December 31.
	The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2014, and for all periods presented herein, have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2013 audited financial statements.  The results of operations for the period ended March 31, 2014 is not necessarily indicative of the operating results for the full year.
	Going Concern
	The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which contemplate continuation of the Company as a going concern.  However, the Company has generated revenues of $42,000 since inception and has an accumulated deficit of $158,220 at March 31, 2014.  The Company currently has limited liquidity and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	Management anticipates that the Company will be dependent, for the near future, on additional investment capital, primarily from its shareholders, to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.
	Revenue Recognition
	Revenues for the sale of television and movie scripts are recognized when the following conditions are met:
		1	Persuasive evidence of a sale or license agreement exists with a customer;
		2	The script is complete and has been delivered or is immediately available to be delivered in accordance with the terms of the agreement;
		3	The license period for the arrangement has started and the customer can begin exploitation, exhibition or sale;
		4	The arrangement fee is fixed or determinable; and
		5	Collection of the arrangement fee is reasonably assured.
	If any of the above conditions are not met, the Company will defer revenue until all conditions are met.
	Income Taxes
	The Company provides for income taxes using an asset and liability approach. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
	Per Share Data
	In accordance with "ASC-260 - Earnings per Share", the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At March 31, 2014, the Company had no stock equivalents that were anti-dilutive and excluded in the loss per share computation.
	Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
STOCKHOLDERS' EQUITY	'
	NOTE 2 - STOCKHOLDERS’ EQUITY
	On June 12, 2012, the Company issued 5,750,000 shares of common stock to the founder of the Company in exchange for cash of $5,000 and property of $15,864.
	During the year ended December 31, 2013 the Company issued 1,230,000 shares to multiple investors for cash of $36,900.
	During the three months ended March 31, 2014, an officer of the Company contributed various services including basic management, marketing, operating, administrative and accounting services. These services have been valued at $65,000 per year and have been recorded as capital contributions of $16,250 during the period.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENTS	'
	NOTE 3 – SUBSEQUENT EVENTS
	Acquisition of Goudas Foods Products & Investments Limited
	On April 3, 2014, the Company acquired Goudas Foods Products & Investments Limited (“Goudas Foods”), a corporation incorporated under the laws of the Province of Ontario. In connection with this acquisition, the Company has issued to the former shareholders of Goudas Foods (i) 400,000 common shares of the Company on March 20, 2014 as consideration on such date for the continuation of the grant of exclusivity to the Company in respect of the prospective closing of the acquisition; and (ii) 167,200 convertible preferred shares of the Company.
	As a result of this acquisition, Goudas Foods has become a wholly-owned subsidiary of the Company.
	Acquisition of Vertility Oil & Gas
	On April 14, 2014, the Company acquired Vertility Oil & Gas Corporation (“Vertility Oil & Gas”), a corporation incorporated under the laws of the Province of Ontario. The Company purchased one hundred percent (100%) of the outstanding shares of the common stock of Vertility Oil & Gas in consideration for the Company issuing a total of seven million two hundred thousand (7,200,000) shares of the Company’s common stock to the beneficial shareholders of Vertility Oil & Gas. The Company has agreed to enter into employment agreements with Rabea Allos and Michael Grieco which shall contain customary terms, including car allowances, standard benefits and non-competition and non-solicitation provisions. Rabea Allos shall continue to serve as the President of Vertility Oil & Gas and Michael Grieco shall continue to serve as the Vice President of Vertility Oil & Gas.
	Worldwide Rx100 License Agreement
	On April 16, 2014, the Company entered into a master license agreement (the “License Agreement”) with Rx100 Inc. (“Rx100”), a corporation incorporated under the laws of the Province of Ontario, and Donald Meade, President of Rx100. The License Agreement provides that the Company will acquire an exclusive perpetual worldwide license to produce market and sell the mold remediation products and patented formulas owned by Rx100 in consideration for the Company issuing 1,100,000 shares of the Company’s common stock to Donald Meade.  Such shares shall be held in escrow for six months as security for the covenants made by Rx 100 Inc. and Donald Meade pursuant to the License Agreement.
	The License Agreement further provides that the Company shall enter into an employment agreement with Donald Meade which shall contain customary terms, including car allowances, standard benefits and non-competition and non-solicitation provisions.  Mr. Meade’s starting salary thereunder shall be CAD $120,000.  In addition, the License Agreement provides that Mr. Meade will be entitled to a perpetual seven percent (7%) gross royalty on all Rx100 product sales going forward.
	In accordance with ASC 855, the Company evaluated subsequent events through the date these financial statements were issued. There were no other material subsequent events that required recognition or additional disclosure in these financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	These financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The Company’s fiscal year-end is December 31.
	The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at March 31, 2014, and for all periods presented herein, have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.  It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's December 31, 2013 audited financial statements.  The results of operations for the period ended March 31, 2014 is not necessarily indicative of the operating results for the full year.
Going Concern	'
	Going Concern
	The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States, which contemplate continuation of the Company as a going concern.  However, the Company has generated revenues of $42,000 since inception and has an accumulated deficit of $158,220 at March 31, 2014.  The Company currently has limited liquidity and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	Management anticipates that the Company will be dependent, for the near future, on additional investment capital, primarily from its shareholders, to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.
Revenue Recognition	'
	Revenue Recognition
	Revenues for the sale of television and movie scripts are recognized when the following conditions are met:
		1	Persuasive evidence of a sale or license agreement exists with a customer;
		2	The script is complete and has been delivered or is immediately available to be delivered in accordance with the terms of the agreement;
		3	The license period for the arrangement has started and the customer can begin exploitation, exhibition or sale;
		4	The arrangement fee is fixed or determinable; and
		5	Collection of the arrangement fee is reasonably assured.
	If any of the above conditions are not met, the Company will defer revenue until all conditions are met.
Income Taxes	'
	Income Taxes
	The Company provides for income taxes using an asset and liability approach. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect when these differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized.
Per Share Data	'
	Per Share Data
	In accordance with "ASC-260 - Earnings per Share", the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At March 31, 2014, the Company had no stock equivalents that were anti-dilutive and excluded in the loss per share computation.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

STOCKHOLDERS_EQUITY_Details_Na

STOCKHOLDERS' EQUITY (Details Narrative) (USD $)	3 Months Ended	12 Months Ended	0 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Jun. 27, 2012
			Founder of Company [Member]
Issuance of shares for cash	'	$136,900	$5,000
Issuance of shares for property	'	'	15,864
Issuance of shares for cash and property, shares	'	'	5,750,000
Issuance of shares for cash, shares	'	1,230,000	'
Contributed services recorded as contributed capital	16,250	'	'
Contributed services recorded as contributed capital, valuation	$65,000	'	'

SUBSEQUENT_EVENTS_Details_Narr

SUBSEQUENT EVENTS (Details Narrative) (CAD)	0 Months Ended
	Apr. 03, 2014
Acquisition - Goudas Foods Products [Member] | Preferred Stock [Member]	'
Issuance of stock in acquisition	167,200
Acquisition - Goudas Foods Products [Member] | Common Stock [Member]	'
Issuance of stock in acquisition	400,000
Acquisition - Vertility Oil & Gas [Member]	'
Issuance of stock in acquisition	7,200,000
Ownerhip acquired, percent	100.00%
License Agreement [Member]	'
Issuance of stock in purchase agreement	1,100,000
License Agreement [Member] | Donald Meade [Member]	'
Gross royalty per license agreement	7.00%
Annual salary per employment agreement	120,000